Best Cloud Property Management Software for 2024

As a property owner, you know how difficult it is to manage rental spaces. After all, property management does not end with collecting rent. From finding the right tenants to advertising your properties and preparing leasing agreements—the entire property management lifecycle consists of too many things that you have to handle successfully if you want to stay ahead of your competitors. On top of those, there are also repair and maintenance requests that you have to deal with to keep your tenants happy.

Without the right tool to help you stay on top of your property management tasks, you run the risk of losing tenants and profit from your rental business. Luckily, today’s highly digital era has also paved the way for property management solutions to provide landlords like you with a more efficient way to manage rental units.

In this article, we compiled the top 15 cloud property management software available in the SaaS market. We will also discuss each product’s key features, benefits, pricing plans, and more to help you zero in on the best solution for your business.

In light of the COVID-19 pandemic, many businesses had to shift to a remote or hybrid working setup to continue their operations. As the future of office spaces and new models of working hang on balance, landlords and property owners are actively exploring ways to attract workers in terms of going back to the office or having a dedicated WFH setup. This includes enhancing amenities and the physical attributes of rental spaces.

According to a recent report by iPropertyManagement, the most common property management services in 2021 are maintenance and repairs. This is a reflection of how tenants and property managers are modifying rental spaces to meet hybrid workplace needs. The shift to remote work setup also gave rise to flexible and short-term lease structures.

To help rental managers meet the changing demands of the real estate industry, plenty of modern property management software products are now offering innovative solutions in managing rental spaces and maximizing the value of these properties. Below is a compilation of the best cloud property management software that can help you manage your properties bette`r and perform your day-to-day tasks more efficiently.

Best Cloud Property Management Software

1. DoorLoop

Kicking off our list is DoorLoop, an industry-leading cloud property management software used by landlords, tenants, investors, and property managers and companies from all over the world. Its top spot in our rankings is well-earned due to its robust and extensive list of rental property management tools, enabling property owners to manage and grow their rental portfolio with ease.

Whether you have residential, commercial, student housing, or affordable housing properties, DoorLoop offers an array of features to help you manage your properties, from collecting rent to handling property insurance. The software also comes with a CRM and tenant portal, allowing you to communicate with prospects and active tenants from a single system.

Moreover, DoorLoop offers an accounting module that lets you monitor all your financials for your rental portfolio. It allows you to run customizable reports, manage your charts of accounts, and facilitate vendor and tenant payments. The system also syncs with your bank, debit, or credit card to make it easier for you to reconcile your financial transactions.

Price Range: DoorLoop’s pricing plans start at $24.50/month.

DoorLoop

Try out DoorLoop with their free trial

Key Features of DoorLoop

1. It has a listing management tool that lets you create a custom website featuring all your open units to attract more tenants.
2. Its tenant screening feature makes it easier for you to screen your tenants, run background checks, and find the right tenants for your properties.
3. DoorLoop also allows you to manage tenant requests, keep track of work orders, and facilitate payments all in one place.

2. Condo Control

Condo Control is another smart choice for a property management solution. It is jam-packed with features for communication, record-keeping, security and concierge, and a mobile property management app, enabling you to take control of all your rental properties from a single system. Condo Control also simplifies property management for owners and tenants alike, making it the most ideal app for self-managed rental properties and associations.

The software provides a set of robust and helpful tools to streamline and automate almost every aspect of your property operations. It offers an array of asset management features, allowing you to create, modify, and manage asset records from your desktop or mobile devices. It also lets you facilitate amenity bookings from the same platform, allowing you to approve, track, and manage bookings with ease.

In addition, Control Control is equipped with violation tracking tools, which help in issuing, tracking, and managing violations from property renters. After issuing a violation, you can send notices, due dates, and allow tenants to settle violation fees within the platform. Condo Control also allows you to run reports on violations by status, type, or unit.

Price Range: Condo Control is available on a by-quote basis.

Key Features of Condo Control

1. Condo Control automates visitor parking, package tracking, and safety patrols with its security and concierge features.
2. It eliminates paperwork and manual processes by digitizing record-keeping processes.
3. It lets you conduct online and in-person proxy voting events.

3. TenantCloud

TenantCloud is an all-in-one property management software that covers almost everything in your management processes, from tenant screening to work order processing. It lets you screen potential tenants, collect payments online, and advertise vacant properties. To help you list your vacant rentals, TenantCloud is partnered with numerous listing partners where you can post your vacant units.

Moreover, TenantCloud allows you to create or upload your lease agreements online and invite tenants to sign them using the software’s built-in e-sign tool. The solution also provides plenty of rental agreement templates, enabling you to prepare an online lease in just a few clicks.

With TenantCloud, you can easily communicate, plan, and schedule maintenance requests for your tenants. The solution also comes with tracking tools that let you keep track of expenses and materials used in repairs and maintenance.

Price Range: TenantCloud has a free plan, but paid plans start from $12/month to $40/month.

TenantCloud

Try out TenantCloud with their free trial

Key Features of Tenant Cloud

1. It allows you to collect rent from your tenants and send them directly to your bank account.
2. It helps you organize your property finances and payments from multiple tenants in one unit.
3. It has visualization features that let you see the financial health of your property business.

4. HemLane

HemLane is a comprehensive solution that helps property managers and owners to advertise their rental units, track lease, and facilitate repairs and maintenance. It streamlines and automates the entire rental management lifecycle, from finding the right tenant to collecting rent payments online. The solution also lets you track income and expenses for all your rental properties, allowing you take control of your finances and improve the financial health of your business.

Moreover, HemLane provides all the tools you need to oversee your properties remotely. It offers a central, unified repository where you can safely store and manage property contracts and other essential documents. Its lease management module also allows you to oversee renewals and track the expiry dates of contracts and leases.

On top of that, HemLane features a tenant portal where applying residents can easily log in and track the status of their applications. Tenants can also process their payments via the portal and use some of the top online payment gateway providers, like Paypal, Venmo, Zelle, or direct deposit.

Price Range: Pricing plans for HemLane start from $36.50/month to $74/month.

Key Features of HemLane

1. Powered by AI, the solution automatically provides recommended actions when it comes to tenant application or maintenance services.
2. It has an easy onboarding process, allowing you to log in and set up properties, manage listings, and configure application forms in no time.
3. HemLane also comes with a document management tool that helps you organize documents and photos of your properties.

5. Building Engines

Ideal for property owners managing facilities, commercial offices, real estate, retail, or industrial units, Building Engines is a user-friendly property management software that eases rental portfolio management. It automates all tasks and activities related to property management, including asset and equipment maintenance, tenant services, and operational risk management.

Building Engines offers a unified platform where you can access data, tasks, and activities within your rental properties. By having all the property management tools you need in one place, you can increase the efficiency of your business and deliver better services to your tenants. Also, the solution helps you prioritize work orders and services, enabling you to give higher priority to tasks that require your immediate attention.

Price Range: Building Engines is available by quote.

Key Features of Building Engines

1. It has a native mobile app that lets you manage your rental properties in a remote setting.
2. It lets you digitize your work plan and maximize your rental space.
3. It enables greater collaboration between you and your tenants by providing access to floor plans and leasing data.

6. ActiveBuilding

ActiveBuilding is another collaborative property management software that streamlines communication between you and your residents and helps you stay on top of work orders for your rental units. It lets you prioritize maintenance tasks for your properties, allowing you to fulfill your role as a landlord more efficiently and keep your residents secure on your properties.

The software also offers a social platform where residents can share important information or announce events and activities. Additionally, ActiveBuilding offers a customer-facing portal where tenants can easily request for lodging services or repairs and maintenance. The solution automates most of the critical tasks involving rental management, including tracking keys, receiving parcels, common space reservations, and guest validation.

Price Range: ActiveBuilding is available by quote.

Key Features of ActiveBuilding

1. It facilitates communication between vendors and tenants or among residents in your rental space.
2. It allows your tenants to pay their rent online.
3. Its key tracking feature lets you keep a record of which keys have been taken and checked in again.

7. RealPage

RealPage offers a suite of property management tools to ensure the peak performance of your rental business. It lets you automate, centralize, and organize tasks related to your day-to-day operations, allowing you to save time and expenses and reduce compliance risks. RealPage is also a highly customizable solution that scales as your business grows.

With RealPage, you can manage every detail of your commercial, conventional, and affordable properties. These include automating service requests and managing asset conditions remotely, as well as storing and organizing digital compliance documents and other electronic records for your property business.

Price Range: RealPage is available by quote.

Key Features of RealPage

1. It reduces paperwork by digitizing leasing, payments, accounting, and budgeting.
2. It comes with a document management suite that makes it easier for you to save, file, print, send, and search for important documents like leases or work order contracts.
3. RealPage also allows you to streamline your vendor management processes, such as vendor sourcing and selection.

8. BuildingLink.com

This property management software offers myriad features to streamline your processes and improve the visibility of your rental management operations. Regardless of which kind of property you are managing, BuildingLink.com helps you handle your operations better. The solution is easily configurable, enabling you to customize your workflows according to the specific needs of your business.

BuildingLink.com also offers a central dashboard that lets you search, track, and monitor operations as they happen in your properties. For instance, you can keep track of package delivery, outages, key pickups, and repairs and maintenance activities to keep your residents satisfied with their unit. Also, BuildingLink.com comes with a messaging tool that optimizes communication between you and your tenants.

Price Range: To purchase BuildingLink.com, you may send a quote request to the vendor.

Key Features of BuildingLink.com

1. BuildingLink.com has a resident and unit directory where you can easily view all unit and occupant-related information, such as service requests, delivery details, and unit instructions.
2. The solution seamlessly integrates with external accounting applications.
3. It also has an amenity reservation feature that lets you manage facility reservations by resident and unit.

9. Cozy

Cozy is a free property management solution that automates tenant screening, service requests, and rent collection. Ideal for independent landlords and property owners, it offers automated and end-to-end rental management features to make things easier for you as a property manager. The software also provides rent estimates and property analyses to help you gauge the maximum value of your rental spaces.

Another helpful feature of Cozy is property expenses tracking, which allows you to stay on top of maintenance and repair costs for your properties. In an easy-to-navigate dashboard, Cozy provides you with a detailed look into your total spend, as well as the progress of each maintenance activity within your property. The solution also lets you upload photos and videos into the system so you can better assess the problems in your units.

Price Range: Cozy is a free solution that requires no monthly subscription fees.

Key Features of Cozy

1. It helps you reduce financial risks with its reporting and analytics tools.
2. It has a tenant screening feature to help you find the best renters for your units.
3. The software allows interested tenants to create a Cozy profile where they can share relevant details about their lifestyle, such as pets, employment, and income.

10. Entrata

If you are looking for a cost-efficient property management solution, then Entrata might just be the right app for you. It comes with smart and innovative features that you can use to move in new tenants with ease, enabling you to accept applications, verify information, and collect payments in a breeze. The software also allows you to create your own workflow according to the specific needs of your business.

Additionally, Entrata offers a digital facility management board where you can easily add, view, and monitor the status of maintenance and repair work orders. This helps you prevent delays in maintenance requests, allowing you to become more responsive in attending to rental issues within your properties.

Price Range: Entrata is available on a by-quote basis.

Key Features of Entrata

1. Entrata’s resident management features can guarantee your tenants with a smoother process of moving in and out of your property.
2. It comes with a lead management feature that helps you capture and convert leads at a much faster rate.
3. It also offers an accounting module that lets you manage and track your property or portfolio’s finances.

11. ResMan

Specifically designed for residential property owners, ResMan offers an array of tools to help you streamline, automate, and accelerate tasks involved in running property businesses. It has an accounting module that helps you manage and keep track of your accounts payable and receivables. The software also comes with reporting and visualization features that you can use to assess the financial performance of your rental properties.

Another benefit of using ResMan is how it improves the visibility and operational efficiency of your property business. As a web-based application, it stores your data in the cloud and gives you access at any given time. This way, you can perform your day-to-day property management tasks even remotely, such as tracking the status of repairs and maintenance work, sending invoices, and facilitating contract and lease signing.

Price Range: ResMan is available by quote.

Key Features of ResMan

1. It has a user-friendly interface that simplifies leasing and payment collection.
2. It provides an online portal where renters and tenants can communicate and take action, from requesting work orders to making payments.
3. It has a resident screening tool that helps you find responsible renters.

12. MRI Residential Management

Best suited for multi-family property owners, MRI Residential Management is a comprehensive solution with end-to-end functionalities for rental management, from leasing to scheduling, contract renewals, and more. By eliminating tedious and paper-based processes, the solution allows you to focus more on resident retention and leasing. It offers multiple facilities management features that let you reduce costs and overheads while providing a better service to your tenants.

In addition, MRI Residential Management is equipped with a flexible, digital real estate payment solution that simplifies payment processes for your rental business. The solution supports multiple payment types, such as debit and credit card, check, money order, eCheck, or cash at any Moneygram location.

Price Range: To avail MRI Residential Management, you may request a quote from the vendor.

Key Features of MRI Residential Management

1. It is a scalable solution that supports growing property businesses in its day-to-day operations, including reporting, billing, facility management, and project management.
2. Its space management module allows you to maximize the floor plans of your real estate properties.
3. The solution also offers a fixed asset management suite, which lets you control, track, and record any action taken in an asset’s lifetime.

13. Yardi Voyager

Yardi Voyager is an innovative real estate management software that offers accounting, ancillary services, and operational tools for commercial and residential portfolios. It helps you manage your day-to-day operations, handle leasing, monitor maintenance activities, perform accounting tasks, and gather business insights. With Yardi Voyager, you can make it easier for your tenants to move in or move out of your rental spaces.

Another must-have property management feature of Yardi Voyager is its native mobile app. This allows you to manage your properties on the go. It lets you automate tasks and processes, including work order approvals, lease administration, and purchase order management. Moreover, Yardi Voyager supports integrations with other software products to provide comprehensive tools for procurement, marketing, facilities management, and payment processing.

Price Range: Yardi Voyager is available on a by-quote basis.

Key Features of Yardi Voyager

1. It lets you advertise your rental properties on various listing websites.
2. It provides monthly, weekly, and reports to improve visibility over your finances.
3. It has a business intelligence tool that lets you in on valuable insights to help you improve your operational efficiency.

14. Mashvisor

Mashvisor is a data analytics platform specifically designed for property agents, investors, and managers. It helps you find lucrative traditional and AirBnB properties across certain cities or neighborhoods. Using a heatmap, the solution shows you specific areas with rental properties that are performing well in terms of rental income, listing price, occupancy rate, and cash on cash returns.

The software also offers a powerful data analysis feature that generates intelligent insights, including the potential income of all AirBnB and traditional properties in the area and cost assumptions to help you come up with an effective rental strategy. Additionally, Mashvisor provides up-to-date market information, allowing you to maximize your property value and get the most out of your property investment.

Price Range: Pricing plans for Mashvisor start from $17.99/month to $74.99/month.

Key Features of Mashvisor

1. It lets you visualize and compare different rental strategies to help you decide on which one is more lucrative.
2. The solution offers an investment property calculator that lets you fine-tune your costs and expenses.
3. Its property finder feature provides detailed information on occupancy rates, estimated rental income, and the number and size of rooms per rental unit.

15. Avail

Last but not the least, Avail is an end-to-end property management software that helps you handle every facet of your rental management processes. From a single, unified platform, the solution lets you find tenants, sign leases, collect rent, and view credit history. It also allows you to publish your rental listings across several popular rental listing sites all at once.

One of the best things about Avail is that it comes at no cost at all—it is a free solution that lets you manage your rental properties with ease and efficiency. Some of its salient features include rental listings, digital leasing, online rent payments, unit timeline view, and maintenance tracking. Furthermore, Avail streamlines communication between you and your renters, enabling a faster and smoother processing of payments, maintenance requests, and more.

Price Range: Avail is a free property management solution.

Key Features of Avail

1. It lets you attract more prospects by listing your rental properties across popular listing sites, such as apartments.com, Trulia, Zillow, ApartmentList, Zumper, Realtor.com, and Hotpads.
2. The solution helps you collect and keep a record of your prospects’ contact information, employment verification, and residence history during the tenant screening process.
3. Avail is equipped with a lead generation feature that lets you nurture leads and accelerate conversions.

Picking the Right Cloud Property Management Software

To sum it up, these property management solutions are designed to accomplish a certain goal—to make your life easier as a property manager. Any of these systems can help you simplify your processes and improve the efficiency of your rental spaces, so it is only a matter of picking the right property management software for your business.

As you decide on which software product to buy, ask yourself some questions before purchasing property management software. For instance, consider the type of properties you are managing and see if your chosen platform can meet the specific requirements of your business. You can also go for the top product in our rankings, DoorLoop, which is a fully customizable solution that lets you manage any property that you have in your portfolio.

For further reading, you can also check out the latest real estate trends in 2022 and see how they can impact your property business.

By Louie Andre

B2B & SaaS market analyst and senior writer for FinancesOnline. He is most interested in project management solutions, believing all businesses are a work in progress. From pitch deck to exit strategy, he is no stranger to project business hiccups and essentials. He has been involved in a few internet startups including a digital route planner for a triple A affiliate. His advice to vendors and users alike? "Think of benefits, not features."